731.13
Compensation and bonds of village officers, clerks and employees.

The legislative authority of a village shall fix the
compensation and bonds of all officers, clerks, and employees of the village
except as otherwise provided by law. The legislative authority shall, in the
case of elective officers, fix their compensation for the ensuing term of
office at a meeting held not later than five days prior to the last day fixed
by law for filing as a candidate for such office. All bonds shall be made with
sureties subject to the approval of the mayor. The compensation so fixed shall
not be increased or diminished during the term for which any officer is elected
or appointed. This section does not prohibit the payment of any increased costs
of continuing to provide the identical benefits provided to an officer at the
commencement of his term of office.